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Oyu Tolgoi’s suppliers increased new jobs and contributing to economic development

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Ganzorig Tsend
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Supplier Excellence Awards highlight training and Mongolian employment growth

Ulaanbaatar, Mongolia (ot.mn) –Oyu Tolgoi LLC will acknowledge three companies for their efforts in the area of employment this Thursday at the 2011 “Gobi Gem” Best Supplier Awards.

Twenty awards categories have been identified for the ceremony including, the Supplier Excellence Award for Recruitment and Ongoing Employment of Mongolian National Staff, the Supplier Excellence Award for New Employment Creation, and the Supplier Excellence Award for Commitment to Employee Training and Development.

“We have an amazing group of nominees this year in the area of employment and training,” noted John Jones, Oyu Tolgoi Senior Vice President for Procurement. “The companies have accomplished a lot in one year’s time and we at Oyu Tolgoi are pleased that we can support growth that leads to more jobs for Mongolians.”

Oyu Tolgoi’s work force during the operational phase will see an increase of Mongolian nationals and 90 percent of total workers to be Mongolians. And some of the key suppliers have contributed to this achievement of job creation as well, bringing more than 1000 new jobs in 2011. Those suppliers include, Barilga Corporation, Transwest Mongolia, CIS, Redpath Mongolia, Monroad Umnugobi Interprize

This growth is a strong indicator of the opportunities provided by the Oyu Tolgoi project and is a testament to the company’s efforts to work with suppliers who support skills training and new employment for members of the Mongolian workforce.

About Oyu Tolgoi LLC (www.ot.mn)

Oyu Tolgoi LLC is Mongolia's largest copper and gold mining company and is a strategic partnership between the Government of Mongolia (34 per cent stake), Ivanhoe Mines (66 per cent) and Rio Tinto. Rio Tinto is the major shareholder in Ivanhoe Mines and the manager of the Oyu Tolgoi project. In addition to dividends from its 34 per cent stake in Oyu Tolgoi, the Government of Mongolia will receive taxes and royalties.

Oyu Tolgoi, located in the Gobi desert in southern Mongolia, will be one of the largest and highest-grade copper and gold mines in the world. It is the largest project ever developed in Mongolia, requiring a capital investment for phase 1 of more than US$6 billion.

Oyu Tolgoi is committed to contributing to a sustainable future for Mongolia. At least 9 out of 10 employees will be Mongolian once the mine is in production and Oyu Tolgoi is investing US$58 million dollars (78 billion tugriks) in training and education and an additional US$27 million dollars (36 billion tugriks) in the Workforce Employment Project designed to help address the general skills shortage in Mongolia

Oyu Tolgoi's key priorities are the health and safety of employees, best-practice environmental management, contributing to sustainable communities and always doing business with integrity, for the benefit of all the project's shareholders and the people of Mongolia.

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About Oyu Tolgoi LLC (www.ot.mn)

Oyu Tolgoi LLC, Mongolia's largest copper and gold mining company, is a strategic partnership between the Government of Mongolia, Turquoise Hill Resources and Rio Tinto. Located in the South Gobi, Oyu Tolgoi commenced shipment of product to customers in July 2013. Oyu Tolgoi is managed by Rio Tinto, which is investing global expertise and cutting-edge technology to help develop Mongolia’s mining industry and ensure Oyu Tolgoi is one of the world’s most advanced mines. For Oyu Tolgoi, nothing matters more than safety. The business operates under the principle that if a job cannot be done safely, it will not be done at all.

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